Operating Room Integration Market Overview:

The Global Operating Room Integration Market was valued at $1,721 million in 2017, and is projected to reach at $4,163 million by 2025, growing at a CAGR of 11.2% from 2018 to 2025. Operating Room Integration (ORI)is designed to streamline the operating room by consolidating data and providing access to audio & video and controls for all devices at central command station, allowing the surgeon to perform several tasks efficiently without the need to move around the operating room. In addition, the report studies the global operating room integration market that focuses on various applications such as urology, surgery, neuro, and others.

The report includes a micro-level study of different regions adopting operating room integration for different end users. In addition, it discusses the potential opportunities for market players to enter the operating room integration market. Moreover, it provides an in-depth market analysis of ORI, outlining current trends, key driving factors, and potential areas for product investments.

Among the geographical regions, North America holds the largest chunk of the operating room integration market size. On the other hand, Asia-Pacific is expected to grow at a faster pace, predicting a lucrative operating room integration market growth.

The global operating room integration market is segmented based on device type, application, end user, and region. Based on device type, the market is divided into audio & video management system, display system, documentation & recording system, and others. Further, audio & video management system is classified into simple video management, advanced video management, and data comparing IP-based version. In addition, display system is categorized into small display and large format display. Similarly, documentation & recording system is bifurcated into standalone recording device and embedded recording software. By application, the operating room integration market is categorized into urology, surgery, neuro, and others. Based on end user, the market is bifurcated into hospital and clinic.

The global operating room integration market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Furthermore, the report highlights the competitive landscape of the key market players to increase their shares and sustain the intense competition in the industry.

Growth in number of surgical procedures, surge in patient preference for minimally invasive surgeries, patient safety concerns in the operating room, high cost and maintenance of operating room integration systems, and potential of emerging markets impact the growth of the global operating room integration market.

The need to address critical conditions such as cancer has led to rise in number of surgical procedures. This also results in a cumulative increase in number of OR procedures. The growth in geriatric population results in the rise in demand for surgeries. Moreover, the plastic & reconstructive surgeries, performed for aesthetic/cosmetic purposes, have also gained popularity. In addition, health awareness in the emerging economies leads to the rise in the number of surgeries. Thus, increase in number of surgeries majorly drives the operating room integration market.

Surge in Patient Preference for Minimally Invasive Surgeries

Increase in awareness about surgical interventions to treat conditions, such as obesity, has led medical device manufacturer to develop advanced operating room integration system. Furthermore, procedures employing surgical imaging, such as, endoscopy, are favored both by medical practitioners and patients alike. Keyhole surgeries are now being executed and substituted for conventional surgical operations. For example, laparoscopy, which is a form of minimally invasive surgery, allows a surgeon to examine organs inside the abdomen and the pelvis without making large incisions. According to National Health Service, 2015 (NHS), serious complications after laparoscopy are estimated to occur in 1 out of every 1,000 cases, and hence can be considered as one of the safest forms of surgeries. Across the world, patients prefer minimally invasive surgeries, as it gives them the benefit of doubt, pacifies their fears, and provides them with a growth in sense of assurance. Moreover, these surgeries have a higher success rate.

Opportunities in Emerging Markets

People across emerging economies in LAMEA and Asia-Pacific lack access to basic healthcare facilities. According to WHO and World Bank, in 2015, nearly 400 million people did not have access to essential health services. Surgical procedures involve use of different equipment; hence, they cost more than therapeutic modalities. Reimbursements with respect to surgical interventions are also limited, and many reimbursement schemes are not applicable when the procedure is performed in the physicians’ office. Also, the manufacturing companies need to perform effective pricing policies. Further, developing economies represent potential for healthcare markets, especially the operating room integration market. Developing economies, for instance, China and India, signify great prospects for future medical technologies with rise in infrastructural development.

Key Benefits

This study comprises analytical depiction of the global operating room integration market with current trends and future estimations to depict the imminent investment pockets.

The overall market potential is determined to understand the profitable trends to gain a stronger foothold in the operating room integration industry.

The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the artificial intelligence chip market.

Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the operating room integration market.

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North America dominated the operating room integration market in 2017 owing to the rise in demand for advanced surgical methodologies and technological advancement in operating rooms across the healthcare industry in this region.

Asia-Pacific is projected to grow at the fastest growth rate in the operating room integration market during the forecast period.

In the Asia-Pacific region, India is an emerging economy with beneficial investment potential due to its robust financial systems and open policy of foreign direct investments (FDI) contributing toward the growth of the operating room integration market. Furthermore, development in healthcare infrastructure is expected to contribute toward the growth of the operating room integration market in India. Moreover, the Chinese and Indian governments have relaxed regulations regarding private investment into the healthcare industry. The improvement in healthcare infrastructure, rise in number of healthcare reforms, and increase in healthcare expenditures in the emerging markets are set to boost the operating room integration market in Asia-Pacific.